Crypto Exchange Binance made its debut on centralized exchanges (CEX) to decentralized exchange transactions (DEX), allowing customers to use funds from their Binance portfolios to execute Dex transactions – eliminating the need for stew or manual transfers.
Depending on the exchange, customers can use CIRCLE USDC (USDC) and other stablescoins taken care of to acquire tokens on Ethereum, Solana, Base and BNB smart chain networks.
The new CEX to Dex feature is also compatible with other tools on the platform, including Binance Alpha, which gives users the possibility of discovering emerging tokens in development at an early stage, and the Binance fast purchasing tool.
The incorporation of CEX to Dex Trading unlocks a more fluid user experience and reduces the complexity of the exchange of digital assets.
This reduction in complexity deals with the technical barrier to the inherent entry to the user experience which makes it difficult for new users to interact with digital assets. Complex user interfaces and clumsy user experience are one of the most cited crypto problems.
An online meme that makes fun of the complexities of the crypto. Source: Kev.eth
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Overcome the problem of crypto user experience and get the crypto out of the AOL era
In November 2024, the WalletConnect and ReédomMiT foundation established a standard framework for cryptographic portfolios to improve the user experience and promote ease of use.
Pedro Gomes, director of the WalletConnect Foundation, told Cintelelegraph that the frame of portfolio standards was concentrated on several key areas, in particular “minimizing clicks, reducing the friction of transactions, interoperability and provision of clear and accessible information”.
Anurag Arjun, co -founder of FEOVE – A unified chain abstraction solution – and the Polygone Polygon network, also told Cointelegraph that current blockchain abstraction techniques fragmented liquidity through the ecosystem.
The co-founder of Polygon said that each blockchain network has its own set of safety hypotheses, presenting challenges for interoperability; Arjun specifically cited the bridging techniques like Lourdes for the end user.
Sandeep Nailwal, who founded Polygon alongside Arjun, recently expressed similar feelings and said that crypto should improve user experience before reaching mass adoption, comparing the current state of internet crypto in the late 1990s.
Nailwal told Cointtelegraph that the crypto must adopt the integration of softer Fiat, better guard solutions that have a key recovery and hardware portfolios integrated into the mobile devices to take out the crypto from the “AOL” era and make a mass attraction.
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